Editorial: Here's how the ‘Chicago School' led to feds' antitrust issues with Google

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Editorial: Here's how the ‘Chicago School' led to feds' antitrust issues with Google
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The feds are going after Google for anticompetitive behavior, they allege. It's a complicated situation with a long history.

The Google logo adorns the outside of their NYC office Google building on June 3, 2019, in New York City.

Then, just a few weeks ago, the trial judge sharply narrowed the lawsuit’s scope, throwing out several of the primary claims against the company, which denies any wrongdoing.Separately, the Justice Department has filed a different antitrust case focused on Google’s software for placing ads on the web, which is likely to go to trial not long after this one.

Unelected judges and regulators were on board, however, and with big money against it, antitrust enforcement dwindled. At the same time, public confidence in big business plunged, U.S. productivity growth lagged and inequality in wealth and income soared. Relying on the government to fix dysfunctional markets usually comes with unintended consequences. It would be great if an antitrust crackdown spawns a new generation of world-beating companies. After all, the case against Microsoft more than two decades ago opened the door to web-browser competition from none other than ... Google.

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